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Gold jewellery loses its lustre as Chinese switch focus to bars and coins - South China Morning Post

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DW NOTE

Chinese households are buying physical gold in the most defensive form available — bars and coins you can carry. Jewellery is consumption. Bullion is exit strategy. When the middle class stops wearing wealth and starts burying it, that's not a purchasing preference, that's a vote of no confidence.

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Gold jewellery loses its lustre as Chinese switch focus to bars and coins - South China Morning Post

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